Norfolk Southern (NYSE: NSC) announced that its board of directors has unanimously rejected Canadian Pacific’s (NYSE:CP) previously announced unsolicited, low-premium, non-binding, highly conditional indication of interest to acquire the Company for $46.72 in cash and a [...]
On December 3, 2015, Congress passed H.R. 22, the Fixing America’s Surface Transportation Act (FAST ACT) by overwhelming bipartisan votes of 83 to 16 and 359 to 65 in the Senate and House respectively. The legislation is the first long-term surface transportation reauthorizat [...]
The Railroad Retirement Board (RRB) released its annual tax rates, Thursday, Dec. 3, 2015, for the upcoming 2016 year. The Tier II tax rates are determined annually from a tax rate schedule based on an average account benefits ratio reflecting railroad retirement fund levels [...]
Washington — Edward Wytkind, president of the Transportation Trades Department, AFL-CIO (TTD), issued this statement in response to a House-Senate deal on a long overdue surface transportation reauthorization bill: “The Fixing America’s Surface Transportation (FAST) Act is a [...]
WASHINGTON – The U.S. Department of Transportation’s Federal Transit Administration (FTA) has launched a nationwide transit-oriented development (TOD) initiative to encourage development near transit systems that boosts the local economy; provides easy access to jobs and serv [...]
PORTLAND, Maine — Maine no longer will disclose to the public any details about shipments of crude oil by rail through the state, an official said Wednesday, a move that has angered activists who say the information is critical to public safety. The state’s Department of Envi [...]
Frank “Dwayne” Adkins died Friday, Nov. 27, 2015, at his residence in Dupo, Ill. He was 84 years old. Adkins, a member of SMART TD (then United Transportation Union) Local 1929 of East St. Louis, Ill., hired out as an engineer with the Alton & Southern Railway in 1956. Ad [...]
Harper’s Magazine blogger Kevin Baker put together what he feels are the 23 best American songs about trains ever written. In his blog post, Baker explores train songs by Johnny Cash to “I’ve been working on the railroad.” Below is his list of songs. C [...]
A congressional conference committee yesterday completed work on a five-year surface transportation bill that would strengthen tank-car safety standards, increase funding for transit and create a rail title that authorizes funding for Amtrak and intercity passenger-rail grant [...]
The Centers for Medicare & Medicaid Services (CMS) has released the 2016 Part B premium and deductible costs for 2016. Railroad Medicare processes claims for Part B services. The 2016 monthly premiums will remain unchanged for approximately 70 percent of Medicare benefic [...]
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